Celtic hit by pandemic

Celtic lost £5.1m in the six months to the end of December compared with a profit of £19.3m in the same period a year earlier. Revenue fell 23.7 per cent to £40.7m.

Revenue from football and stadium operations fell to more than half as fans remain barred from matches. Profits from player sales fell from £23.1m to £1m.

Chairman Ian Bankier admitted that the club's performance levels had not been good enough. arguing that it had been impacted by the absence of the club's passionate support.

Celtic have chosen not to draw on a £13m revolving credit facility with the Co-operative Bank.

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